Court Rules Against Incorrect Tax Rate Decision Due to Misapplied Manufacturer's Exemption for Non-Exempt Entities.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Determination of classification and rate of tax - Deciding the higher rate of tax at the instance of a new manufacturer, who is exempted from tax to make the Ruling applicable to those who are not exempted from tax was not a correct approach. - HC....